Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 14, 2013 | |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Trading Symbol | 'anr | ' |
Entity Registrant Name | 'American Natural Energy Corp | ' |
Entity Central Index Key | '0000870732 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 26,405,085 |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Well Known Seasoned Issuer | 'No | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Current assets: | ' | ' |
Cash and cash equivalents | $3,555 | $31,177 |
Accounts receivable - joint interest billing | 11,158 | 30,315 |
Accounts receivable - oil and gas sales | 232,318 | 173,006 |
Prepaid expenses and other | 63,184 | 81,630 |
Oil inventory | 20,833 | 25,509 |
Deferred financing costs | 75,000 | 95,661 |
Total current assets | 406,048 | 437,298 |
Proved oil and natural gas properties, full cost method of accounting, net of accumulated depletion, depreciation, amortization and impairment of $22,734,228 and $22,084,028 | 18,871,051 | 19,342,785 |
Unproved oil and natural gas properties | 709,066 | 661,641 |
Equipment and other fixed assets, net of accumulated depreciation of $1,169,243 and $1,154,600 | 8,988 | 23,631 |
Total assets | 19,995,153 | 20,465,355 |
Current liabilities: | ' | ' |
Accounts payable and accrued liabilities | 4,032,129 | 3,648,736 |
Revenue payable | 3,522,264 | 3,521,805 |
Accounts payable - related parties | 71,491 | 40,135 |
Accrued interest | 409,371 | 136,690 |
Insurance note payable | 46,384 | 39,275 |
Notes payable - related parties net of discounts of $513,156 and $0 respectively | 2,297,755 | 630,355 |
Note payable, net of discounts of $417,924 and $186,791 respectively | 1,862,775 | 2,024,670 |
Taxes due on dissolution of subsidiary | 32,752 | 40,252 |
Total current liabilities | 12,274,921 | 10,081,918 |
Debenture payable-related parties, net of discounts of $250,897 and $1,195,561 respectively | 749,103 | 1,554,439 |
Asset retirement obligation | 2,443,584 | 2,392,369 |
Total liabilities | 15,467,608 | 14,028,726 |
Commitments and contingencies | 0 | 0 |
Stockholders' equity : | ' | ' |
Common stock Authorized - 250,000,000 shares with par value of $0.001 - 26,405,085 and 26,405,085 shares issued and outstanding respectively | 26,405 | 26,405 |
Additional paid-in capital | 25,874,430 | 25,874,430 |
Accumulated deficit, since January 1, 2002 (in conjunction with the quasi- Reorganization stated capital was reduced by an accumulated deficit of $2,015,495) | -25,011,410 | -23,546,843 |
Accumulated other comprehensive income | 3,638,120 | 4,082,637 |
Total stockholders' equity | 4,527,545 | 6,436,629 |
Total liabilities and stockholders' equity | $19,995,153 | $20,465,355 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Accumulated Depreciation, Depletion and Amortization, Proved Oil and Gas Properties | $22,734,228 | $22,084,028 |
Equipment and other fixed assets, net of accumulated depreciation | 1,169,243 | 1,154,600 |
Notes payable related parties net of discounts | 513,156 | 0 |
Note payable, net of discounts | 417,924 | 186,791 |
Debenture payable-related parties, net of discounts | 250,897 | 1,195,561 |
Common Stock, Shares Authorized | 250,000,000 | 250,000,000 |
Common Stock, Par Value Per Share | $0.00 | $0.00 |
Common Stock, Shares, Issued | 26,405,085 | 26,405,085 |
Common Stock, Shares, Outstanding | 26,405,085 | 26,405,085 |
Quasi-reorganization stated capital reduced by an accumulated deficit | $2,015,495 | $2,015,495 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations and Other Comprehensive Loss (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Revenues: | ' | ' | ' | ' |
Oil and gas sales | $841,458 | $504,029 | $2,713,947 | $1,509,027 |
Operations income | 11,923 | 11,923 | 39,989 | 38,122 |
Total Reenue | 853,381 | 515,952 | 2,753,936 | 1,547,149 |
Expenses: | ' | ' | ' | ' |
Lease operating expense | 227,256 | 280,962 | 742,996 | 791,598 |
Production taxes | 92,747 | 29,371 | 270,136 | 86,373 |
General and administrative | 336,416 | 421,987 | 1,193,489 | 1,580,242 |
Foreign exchange (gain)/loss | 229,110 | 546,098 | -463,176 | 484,438 |
Interest and financing costs | 319,302 | 279,750 | 842,174 | 724,198 |
Related party interest | 263,254 | 88,757 | 752,313 | 123,121 |
Depletion, depreciation and amortization - oil and gas properties | 206,937 | 81,839 | 696,487 | 225,841 |
Accretion of asset retirement obligation | 32,903 | 46,588 | 129,488 | 135,923 |
Depreciation and amortization - other assets | 4,881 | 4,881 | 14,643 | 18,665 |
Total expenses | 1,712,806 | 1,780,233 | 4,178,550 | 4,170,399 |
Other Expense | ' | ' | ' | ' |
Gain (Loss) on debt extinguishment | 0 | 56,962 | -39,953 | 56,962 |
Total other expense | 0 | 56,962 | -39,953 | 56,962 |
Net loss | -859,425 | -1,207,319 | -1,464,567 | -2,566,288 |
Other comprehensive loss- net of tax: | ' | ' | ' | ' |
Foreign exchange translation | 202,545 | 512,577 | -463,176 | 450,917 |
Other comprehensive loss | 202,545 | 512,577 | -463,176 | 450,917 |
Comprehensive loss | ($656,880) | ($694,742) | ($1,927,743) | ($2,115,371) |
Basic and diluted loss per share | ($0.03) | ($0.05) | ($0.06) | ($0.12) |
Weighted average number of shares outstanding | ' | ' | ' | ' |
Basic | 26,405,085 | 25,949,599 | 26,405,085 | 21,033,945 |
Diluted | 26,405,085 | 25,949,599 | 26,405,085 | 21,033,945 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Cash flows from operating activities: | ' | ' |
Net loss | ($1,464,567) | ($2,566,288) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ' | ' |
Depreciation, depletion and amortization | 711,130 | 244,506 |
Accretion of asset retirement obligation | 129,488 | 135,923 |
Foreign exchange (gain)/loss | -463,176 | 484,438 |
Noncash compensation expense | 0 | 397,787 |
Amortization of deferred financing costs | 145,661 | 287,040 |
Amortization of debt discount | 963,831 | 285,403 |
(Gain)/loss on debt extinguishment | 39,953 | -56,962 |
Changes in components of working capital: | ' | ' |
Accounts receivable | -40,155 | -169,062 |
Oil inventory | 4,676 | -3,070 |
Prepaid expenses and other current assets | 18,446 | -20,589 |
Accounts payable, revenues payable, accrued liabilities and interest | -185,486 | -152,254 |
Net cash used in operating activities | -140,199 | -1,133,128 |
Cash flows from investing activities: | ' | ' |
Purchase and development of oil and gas properties | -130,847 | -1,183,008 |
Net cash used in investing activities | -130,847 | -1,183,008 |
Cash flows from financing activities: | ' | ' |
Payment of notes payable | -1,811,700 | -1,326,047 |
Payment of notes payable-related party | -74,444 | -27,778 |
Proceeds from issuance of notes payable | 1,749,568 | 1,451,627 |
Proceeds from issuance of notes payable- related party | 505,000 | 2,250,000 |
Shares issued for private placement | 0 | 420,000 |
Payment of deferred financing costs | -125,000 | -115,000 |
Net cash provided by financing activities | 243,424 | 2,652,802 |
Increase in cash and cash equivalents | -27,622 | 336,666 |
Cash beginning of period | 31,177 | 0 |
Cash end of period | 3,555 | 336,666 |
Supplemental disclosures: | ' | ' |
Interest paid | 330,663 | 267,907 |
Taxes paid | 7,500 | 5,000 |
Non cash investing and financing activities: | ' | ' |
Debt issued for restricted cash | 0 | 497,000 |
Purchase of oil and gas properties in accounts payable | 139,143 | 1,450,635 |
Deferred financing cost due to warrants issued | 0 | 68,046 |
Debt discount due to liquidation rights transferred | 0 | 39,619 |
Deferred financing cost due to common shares issued | 0 | 110,776 |
Debt discount due to common shares issued | 0 | 129,240 |
Debt discount due to fees related to TCA debt | 606,320 | 100,000 |
Related party debt discount due to conversion option and warrants issued | 0 | 881,314 |
Asset retirement obligation revision | $39,573 | $0 |
Significant_accounting_policie
Significant accounting policies | 9 Months Ended | |
Sep. 30, 2013 | ||
Significant accounting policies [Text Block] | ' | |
1 | Significant accounting policies | |
The accounting policies and methods followed in preparing these unaudited condensed consolidated financial statements are those used by American Natural Energy Corporation (the “Company”) as described in Note 1 of the notes to consolidated financial statements included in the Annual Report on Form 10-K. The unaudited condensed consolidated financial statements for the nine-month periods ended September 30, 2013 and 2012 have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission and do not conform in all respects to the disclosure and information that is required for annual consolidated financial statements. The year-end condensed consolidated balance sheet data was derived from audited consolidated financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. These interim condensed consolidated financial statements should be read in conjunction with the most recent annual consolidated financial statements of the Company. | ||
In the opinion of management, all adjustments, all of which are of a normal recurring nature, considered necessary for fair statement have been included in these interim condensed consolidated financial statements. Operating results for the nine-month period ended September 30, 2013 are not indicative of the results that may be expected for the full year ending December 31, 2013. | ||
Reclassification of Prior Period Statements | ||
Certain reclassifications of prior period consolidated financial statement balances have been made to conform to current reporting practices. |
Going_Concern_Liquidity_and_Ca
Going Concern, Liquidity and Capital Resources | 9 Months Ended | |
Sep. 30, 2013 | ||
Going Concern, Liquidity and Capital Resources [Text Block] | ' | |
2 | Going Concern, Liquidity and Capital Resources | |
The Company currently has a severe shortage of working capital and funds to pay its liabilities. The Company has no current borrowing capacity with any lender. The Company incurred a net loss of $1,464,567 for the nine months ended September 30, 2013. The Company has a working capital deficit of $11,868,873 and an accumulated deficit of $25,011,410 at September 30, 2013 which leads to substantial doubt concerning the ability of the Company to meet its obligations as they come due. The Company also has a need for substantial funds to develop its oil and gas properties and repay borrowings as well as to meet its other current liabilities. | ||
The accompanying consolidated financial statements have been prepared on a going concern basis which contemplates continuity of operations, realization of assets and liquidation of liabilities in the ordinary course of business. As a result of the losses incurred and current negative working capital, there is no assurance that the carrying amounts of assets will be realized or that liabilities will be liquidated or settled for the amounts recorded. The ability of the Company to continue as a going concern is dependent upon adequate sources of capital and the Company’s ability to sustain positive results of operations and cash flows sufficient to continue to explore for and develop its oil and gas reserves and pay its obligations. | ||
Management’s strategy has been to obtain additional financing or industry partners. It is management’s intention to raise additional debt or equity financing to fund its operations and capital expenditures or to enter into another transaction in order to maximize shareholder value. Failure to obtain additional financing can be expected to adversely affect the Company’s ability to pay its obligations, further the development of its properties, grow revenues, oil and gas reserves and achieve and maintain a significant level of revenues, cash flows, and profitability. There can be no assurance that the Company will obtain this additional financing at the time required, at rates that are favorable to the Company, or at all. Further, any additional equity financing that is obtained may result in material dilution to the current holders of common stock. |
Notes_Payable
Notes Payable | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Notes Payable [Text Block] | ' | |||||||
3 | Notes Payable | |||||||
Notes payable and long-term debt as of September 30, 2013 and December 31, 2012 consisted of the following: | ||||||||
30-Sep-13 | 31-Dec-12 | |||||||
$ | $ | |||||||
Note payable – Citizens Bank of Oklahoma | 75,921 | 195,921 | ||||||
Note payable – TCA Global Credit Master Fund | 1,772,895 | 1,608,973 | ||||||
Discount on TCA Global Credit Master Fund note | (417,924 | ) | (186,791 | ) | ||||
Note payable – Eaton Oil Tools | 43,974 | - | ||||||
Note payable – Leede Financial | 387,909 | 406,567 | ||||||
Total third-party notes payable and long-term debt | 1,862,775 | 2,024,670 | ||||||
Debenture payable – Palo Verde (Note 4) | 3,000,000 | 2,500,000 | ||||||
Discount on Palo Verde debt | (764,052 | ) | (1,185,567 | ) | ||||
Note payable – TPC Energy | 414,183 | 414,183 | ||||||
Discount on TPC Energy Note | - | (9,994 | ) | |||||
Note payable – Mike Paulk | 375,000 | 444,444 | ||||||
Note payable - Other | 21,728 | 21,728 | ||||||
Total related party notes payable and long-term debt | 3,046,859 | 2,184,794 | ||||||
Total notes payable and long-term debt | 4,909,634 | 4,209,464 | ||||||
Less: Current portion | (4,160,531 | ) | (2,655,025 | ) | ||||
Total notes payable and long-term debt, net of current portion | 749,103 | 1,554,439 | ||||||
As of September 30, 2013 and December 31, 2012, the Company had an outstanding note to TPC Energy with a principal balance of $164,183. On March 31, 2013, the due date of the note was extended to March 31, 2014. Other terms of the note remain unchanged. The company evaluated the extension under FASB ASC 470-50 and FASB ASC 470-60 and concluded the revised term constituted a debt modification, rather than a debt extinguishment or a troubled debt restructuring. | ||||||||
As of December 31, 2012, the Company had another outstanding note to TPC Energy with a principal balance of $250,000, along with a related debt discount of $9,994. On March 11, 2013, the due date of the note was extended to March 11, 2014 and TPC Energy will continue to receive the 50% of the company’s interests in its share of the Liquidation Agents account distributions for an extra year until March 11, 2014. The Company evaluated the extension under FASB ASC 470-50 and determined that the modification was substantial and qualified as a debt extinguishment. The additional rights were valued at $39,953 and were recorded as a loss on debt extinguishment. The remaining $9,994 debt discount was also amortized during the three months ended March 31, 2013. The TPC note is included in Notes Payable – Related Parties on the balance sheet as of September 30, 2013. | ||||||||
On February 17, 2011, the Company entered into a $500,000 note payable with Mike Paulk and Steven Ensz, directors of the Company, with an annual interest rate of 10%. The note, initially due February 15, 2012 has been renewed and extended until February 17, 2014. The Company evaluated the application of ASC 470-50 and ASC 470-60 and concluded that the revised terms constituted a debt modification rather than a debt extinguishment or a troubled debt restructuring. | ||||||||
The Company entered into a financing agreement with TCA Global Credit Master Fund, LP during the first quarter of 2012. Proceeds of the financing are to be used for the drilling and completion of wells included in the Company’s inventory of Proved Undeveloped reserves (“PUD”). The Company has a commitment for a total amount of $3 million, before fees and expenses, through the issuance of a series of $1 million debentures. The debenture is secured by a first priority, perfected security interest and mortgage in oil and gas leases and properties. At no time shall the investor funds exceed 65% of the drilling and completion cost of the PUD’s with the balance provided by the Company’s generated funds. During the year ended December 31, 2012, three tranches of TCA debt totaling $3 million were issued. The total note principal balance of TCA debts and related unamortized debt discounts on December 31, 2012 are $1,608,973 and $186,791, respectively. | ||||||||
In March 2013, the fourth tranche TCA debt of $1 million was issued. The debt is due on March 1, 2014 and is payable monthly with a mandatory redemption fee equal to 10% and interest of 5%. Out of $1 million debt proceeds, $55,550 was paid to TCA for various fees, and net proceeds of $944,450 were received by the Company. The Company will also pay TCA $100,000 in cash in lieu of a stock bonus related to the issuance of the note. Fees paid and to be paid in cash totaling $155,550 to TCA Global Credit Master Fund, LP were recorded as a debt discount. | ||||||||
In connection with the issuance of fourth tranche TCA debenture, the Company paid cash fees to other third parties valued at $50,000. These cash fees were recorded as deferred financing costs. | ||||||||
In July 2013, the fifth tranche TCA debt of $750,000 was issued. The debt is due on August 1, 2014 and is payable monthly with a mandatory redemption fee equal to 10% and interest of 5%. Fees totaling $44,175 were paid with net proceeds of $705,825 received by the Company. Along with the issuance of the fifth tranche TCA debt, the Company combined all the outstanding TCA debts into one debt by entering into an amended debt agreement with TCA. The amended debt has a principal of $2,290,548.24, accrues interest at 5% per annum, and is due on August 1, 2014. Starting August 1, 2013 the Company is paying the amended TCA debt in monthly installments of $230,451.49 which includes the payment of fees and redemption premiums of $49,073 per month. The company evaluated the extension under FASB ASC 470-50 and FASB ASC 470-60 and concluded the revised term constituted a debt modification, rather than a debt extinguishment or a troubled debt restructuring. Immediately after the amendment, the unamortized debt discount on the TCA debt was $606,320. The total note principal balance of TCA debts and related unamortized debt discounts on September 30, 2013 are $1,772,895 and $417,924, respectively. | ||||||||
During the nine months ended September 30, 2013, payments totaling $1,623,578 were made to TCA debts and $532,323 of debt discounts were amortized. | ||||||||
On June 30, 2013, the Company extended the maturity date of note payable to Leede Financial to December 31, 2013. The other terms of the note payable remain unchanged. The Company evaluated the application of ASC 470-50 and ASC 470-60 and concluded the revised term constituted a debt modification. As the note is denominated in Canadian dollars, the Company adjusted the face value of the note based on fluctuations in exchange rates and recorded a foreign exchange gain of $18,657 during the nine months ended September 30, 2013. |
Convertible_Debentures
Convertible Debentures | 9 Months Ended | |
Sep. 30, 2013 | ||
Convertible Debentures [Text Block] | ' | |
4 | Convertible Debentures | |
On December 31, 2012, the Company sold a $1 million 12% unsecured convertible debt due December 31, 2014 to Palo Verde Acquisitions LLC. As of December 31, 2012, the Company had received consideration of $500,000 related to this debt. In January 2013, the Company collected the remaining debt proceeds of $500,000 related to the $1 million convertible Palo Verde debt issued on December 31, 2012. |
Asset_Retirement_Obligation
Asset Retirement Obligation | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Asset Retirement Obligation [Text Block] | ' | |||||||
5 | Asset retirement obligations | |||||||
The Company’s asset retirement obligations relate to plugging and abandonment of oil and gas properties. The components of the change in the Company’s asset retirement obligations during the nine months ended September 30, 2013 and for the year ended December 31, 2012 are shown below. | ||||||||
September 30, | December 31, | |||||||
2013 | 2012 | |||||||
$ | $ | |||||||
Asset retirement obligations, January 1 | 2,392,369 | 2,208,867 | ||||||
Additions and revisions | 39,573 | - | ||||||
Settlements and disposals | (117,846 | ) | - | |||||
Accretion expense | 129,488 | 183,502 | ||||||
Asset retirement obligations, September 30 | 2,443,584 | 2,392,369 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies (Policies) | 9 Months Ended | |
Sep. 30, 2013 | ||
Reclassification of Prior Period Statements [Policy Text Block] | ' | |
Reclassification of Prior Period Statements | ||
Certain reclassifications of prior period consolidated financial statement balances have been made to conform to current reporting practices. |
Notes_Payable_Tables
Notes Payable (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Schedule Of Notes Payable And Long-term Debt [Table Text Block] | ' | |||||||
30-Sep-13 | 31-Dec-12 | |||||||
$ | $ | |||||||
Note payable – Citizens Bank of Oklahoma | 75,921 | 195,921 | ||||||
Note payable – TCA Global Credit Master Fund | 1,772,895 | 1,608,973 | ||||||
Discount on TCA Global Credit Master Fund note | (417,924 | ) | (186,791 | ) | ||||
Note payable – Eaton Oil Tools | 43,974 | - | ||||||
Note payable – Leede Financial | 387,909 | 406,567 | ||||||
Total third-party notes payable and long-term debt | 1,862,775 | 2,024,670 | ||||||
Debenture payable – Palo Verde (Note 4) | 3,000,000 | 2,500,000 | ||||||
Discount on Palo Verde debt | (764,052 | ) | (1,185,567 | ) | ||||
Note payable – TPC Energy | 414,183 | 414,183 | ||||||
Discount on TPC Energy Note | - | (9,994 | ) | |||||
Note payable – Mike Paulk | 375,000 | 444,444 | ||||||
Note payable - Other | 21,728 | 21,728 | ||||||
Total related party notes payable and long-term debt | 3,046,859 | 2,184,794 | ||||||
Total notes payable and long-term debt | 4,909,634 | 4,209,464 | ||||||
Less: Current portion | (4,160,531 | ) | (2,655,025 | ) | ||||
Total notes payable and long-term debt, net of current portion | 749,103 | 1,554,439 |
Asset_Retirement_Obligation_Ta
Asset Retirement Obligation (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Schedule of Change in Asset Retirement Obligation [Table Text Block] | ' | |||||||
September 30, | December 31, | |||||||
2013 | 2012 | |||||||
$ | $ | |||||||
Asset retirement obligations, January 1 | 2,392,369 | 2,208,867 | ||||||
Additions and revisions | 39,573 | - | ||||||
Settlements and disposals | (117,846 | ) | - | |||||
Accretion expense | 129,488 | 183,502 | ||||||
Asset retirement obligations, September 30 | 2,443,584 | 2,392,369 |
Going_Concern_Liquidity_and_Ca1
Going Concern, Liquidity and Capital Resources (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Going Concern, Liquidity And Capital Resources 2 | $1,464,567 |
Going Concern, Liquidity And Capital Resources 3 | 11,868,873 |
Going Concern, Liquidity And Capital Resources 4 | $25,011,410 |
Notes_Payable_Narrative_Detail
Notes Payable (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Notes Payable 2 | $164,183 |
Notes Payable 3 | 250,000 |
Notes Payable 4 | 9,994 |
Notes Payable 5 | 50.00% |
Notes Payable 6 | 39,953 |
Notes Payable 7 | 9,994 |
Notes Payable 8 | 500,000 |
Notes Payable 9 | 10.00% |
Notes Payable 10 | 3,000,000 |
Notes Payable 11 | 1,000,000 |
Notes Payable 12 | 65.00% |
Notes Payable 13 | 3,000,000 |
Notes Payable 14 | 1,608,973 |
Notes Payable 15 | 186,791 |
Notes Payable 16 | 1,000,000 |
Notes Payable 17 | 10.00% |
Notes Payable 18 | 5.00% |
Notes Payable 19 | 1,000,000 |
Notes Payable 20 | 55,550 |
Notes Payable 21 | 944,450 |
Notes Payable 22 | 100,000 |
Notes Payable 23 | 155,550 |
Notes Payable 24 | 50,000 |
Notes Payable 25 | 750,000 |
Notes Payable 26 | 10.00% |
Notes Payable 27 | 5.00% |
Notes Payable 28 | 44,175 |
Notes Payable 29 | 705,825 |
Notes Payable 30 | 2,290,548.24 |
Notes Payable 31 | 5.00% |
Notes Payable 32 | 230,451.49 |
Notes Payable 33 | 49,073 |
Notes Payable 34 | 606,320 |
Notes Payable 35 | 1,772,895 |
Notes Payable 36 | 417,924 |
Notes Payable 37 | 1,623,578 |
Notes Payable 38 | 532,323 |
Notes Payable 39 | $18,657 |
Convertible_Debentures_Narrati
Convertible Debentures (Narrative) (Details) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Convertible Debentures 2 | $1,000,000 |
Convertible Debentures 3 | 12.00% |
Convertible Debentures 4 | 500,000 |
Convertible Debentures 5 | 500,000 |
Convertible Debentures 6 | $1,000,000 |
Schedule_Of_Notes_Payable_And_
Schedule Of Notes Payable And Long-term Debt (Details) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Notes Payable Schedule Of Notes Payable And Long-term Debt 1 | $75,921 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 2 | 195,921 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 3 | 1,772,895 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 4 | 1,608,973 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 5 | -417,924 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 6 | -186,791 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 7 | 43,974 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 8 | 0 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 9 | 387,909 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 10 | 406,567 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 11 | 1,862,775 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 12 | 2,024,670 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 13 | 3,000,000 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 14 | 2,500,000 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 15 | -764,052 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 16 | -1,185,567 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 17 | 414,183 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 18 | 414,183 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 19 | 0 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 20 | -9,994 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 21 | 375,000 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 22 | 444,444 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 23 | 21,728 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 24 | 21,728 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 25 | 3,046,859 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 26 | 2,184,794 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 27 | 4,909,634 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 28 | 4,209,464 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 29 | -4,160,531 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 30 | -2,655,025 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 31 | 749,103 |
Notes Payable Schedule Of Notes Payable And Long-term Debt 32 | $1,554,439 |
Schedule_of_Change_in_Asset_Re
Schedule of Change in Asset Retirement Obligation (Details) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Asset Retirement Obligation Schedule Of Change In Asset Retirement Obligation 1 | $2,392,369 |
Asset Retirement Obligation Schedule Of Change In Asset Retirement Obligation 2 | 2,208,867 |
Asset Retirement Obligation Schedule Of Change In Asset Retirement Obligation 3 | 39,573 |
Asset Retirement Obligation Schedule Of Change In Asset Retirement Obligation 4 | 0 |
Asset Retirement Obligation Schedule Of Change In Asset Retirement Obligation 5 | -117,846 |
Asset Retirement Obligation Schedule Of Change In Asset Retirement Obligation 6 | 0 |
Asset Retirement Obligation Schedule Of Change In Asset Retirement Obligation 7 | 129,488 |
Asset Retirement Obligation Schedule Of Change In Asset Retirement Obligation 8 | 183,502 |
Asset Retirement Obligation Schedule Of Change In Asset Retirement Obligation 9 | 2,443,584 |
Asset Retirement Obligation Schedule Of Change In Asset Retirement Obligation 10 | $2,392,369 |